When the CMBS Market Plays Musical Chairs

Nearly everyone has played the game of musical chairs at some point in their lives. When the music stopped, the unfortunate participant who ended up without a chair at the end of a round had to sit out the rest of that game and wait for the next one to get...

Trust vs. Bondholder

CMBS Certificateholders Shut Out   THE ABILITY OF INVESTORS in commercial mortgage backed securities (CMBS) to participate directly in a borrower’s restructuring was recently curtailed by a New York bankruptcy court, raising a number of practical restructuring...

Why CMBS Finance Remains So Vital

From Heartland Real Estate Business , July 2012 WHY CMBS REMAINS SO VITAL Conduit lenders help fill a need balance-sheet lenders often can’t. By Matt Valley Although it will take a few more years for the commercial mortgage-backed securities (CMBS) market to fully...